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Corporate Presentation March 2013

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Page 1: Pretivm march 2013 web

Corporate PresentationMarch 2013

Page 2: Pretivm march 2013 web

CAUTIONARY STATEMENT

Forward Looking InformationThis Presentation contains ‘‘forward-looking information’’ within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral resources, realization of mineral resource estimates, costs and timing of development of the projects we currently intend to acquire (the “Projects”), costs and timing of future exploration, results of future exploration and drilling, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the composition of our board of directors and committees, and adequacy of financial resources. Wherever possible, words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘anticipate’’ or ‘‘does not anticipate’’, ‘‘believe’’, ‘‘intend’’ and similar expressions or statements that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, have been used to identify forward-looking information. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘‘expects’’, ‘‘anticipates’’, ‘‘plans’’, ‘‘projects’’, ‘‘estimates’’, ‘‘assumes’’, ‘‘intends’’, ‘‘strategy’’, ‘‘goals’’, ‘‘objectives’’, ‘‘potential’’ or variations thereof, or stating that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Many of these risks are listed and described in our final short-form prospectus dated March 19, 2012 (the “Prospectus”), which is available for review on SEDAR at www.sedar.com under our profile. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading ‘‘Risk Factors’’. Our forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and we do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.National Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) “Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project” dated February 20, 2012 “Mineral Resources Update Technical Report” dated April 3, 2012, “Mineral Resources Update Technical Report” dated September 18, 2012 and “Mineral Resources Update Technical Report” dated November 20, 2012. We have filed the Reports under our profile at www.sedar.com. Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Kenneth C. McNaughton, an independent “qualified person” under NI 43-101.This presentation uses the terms “measured resources”, “indicated resources” (together “M&I”) and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves.In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.

2

Page 3: Pretivm march 2013 web

3

An investment in Gold

Significant high-grade gold resource:

Valley of the Kings8.5 M oz gold Indicated (16.1 Mt @ 16.4 g/t gold)2.9 M oz gold Inferred (5.4 Mt @ 17.0 g/t gold)

Located in British Columbia, Canada

Underground feasibility study Q2 2013

Commercial production target early 2016

Page 4: Pretivm march 2013 web

Kirkland Lake Mine(Kirkland Lake)

Kensington Mine(Coeur)

Casa Berardi(Aurizon)

El Penon Mine(Yamana)

Red Lake Mine(Goldcorp)

Pogo Mine(Sumitomo)

Valley of the Kings

F2 Deposit(Rubicon)

Buritica(Continental)

Cerro Negro(Goldcorp)

Eleonore(Goldcorp)

Cerro Moro(Yamana)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

M&

I + In

ferr

ed G

old

Gra

de (g

/t)

M&I + Inferred Gold Resources (mm oz)

HIGH-GRADE GOLD WITH SIZE

4November 2012 Valley of the Kings High-Grade Gold Mineral Resource based on a cut-off grade of 5.0 grams of gold-equivalent/tonne.Data sources: Intierra Ltd., NRH.

Indicated Gold: 8.5 mm oz @ 16.4 g/t AuInferred Gold:2.9 mm oz @ 17.0 g/t Au

Page 5: Pretivm march 2013 web

BRUCEJACK PROJECT LOCATION

5

Page 6: Pretivm march 2013 web

EXPLORATION AND OWNERSHIP HISTORY

1960-1980

1980-1985

1986-1989

1990

1993

1999-2000

2009

2010

2011-2012

2013

Exploration by various

companies

West Zone discovery and definition by Newhawk

5.3 km underground

development of West Zone

West Zone Feasibility Study

completed

Acquisition by Silver Standard Resources Inc.

Exploration resumes. Discovery of Valley of

the Kings Zone

Acquisition by Pretivm

Extensive exploration program, high-grade

resource, exploration road Mine Development Certificate issued

Valley of the Kings underground bulk

sample and feasibility study

6

Page 7: Pretivm march 2013 web

BRUCEJACK HIGH-GRADE RESOURCE

7

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.(3) Contained metal may differ due to rounding.(4) The Mineral Resource estimate is defined using 5 m by 5 by 5 m blocks in the well drilled portion of West Zone (5 m by 10 m drilling or better) and 10 m by 10 m by 10 m blocks in the remainder of West Zone and in Valley of the Kings.(5) The gold equivalent value is defined as AuEq=Au + Ag/53

Valley of the Kings Mineral Resource Estimate –November 2012(1,4,5)

(Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne)

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

Contained(3)

Gold(mil oz)

Silver(mil oz)

Indicated 16.1 16.4 14.2 8.5 7.3Inferred(2) 5.4 17.0 15.7 2.9 2.7

Page 8: Pretivm march 2013 web

VALLEY OF THE KINGS INDICATED RESOURCE

Northing (± 25 m)

Ind.Gold*(Oz.)

6258225 230,900

6258175 484,000

6258125 703,100

6258075 336,600

6258025 1,951,100

6257975 2,365,900

6257925 1,021,000

6257875 513,600

6257825 687,500

6257775 176,400

Total Ounces per 100 m Easting and 50 m Northing strips

Valley of the KingsIndicated Mineral Resource:

8.5 Moz. Au @ 5.0 g/t AuEq.(16.1 Mt @ 16.4 g/t Au)

*Nov. 2012 Indicated Mineral Resource;≥5.0 g/t AuEq.

8

1,092,100 1,776,900 1,467,600 2,185,800 1,391,000 380,100 192,900 Ind. Au* (Oz.)

Page 9: Pretivm march 2013 web

MINERAL RESOURCE CONTINUITY

9

Total Ounces* per 10 x 100 m N-S corridor – 6257800 N Long SectionLevel (m) Ind. Gold (Oz)*

1540-1570 116,300 1510-1540 499,700 1480-1510 734,800 1450-1480 510,400 1420-1450 365,450 1390-1420 566,700 1360-1390 631,700 1330-1360 364,800 1300-1330 527,400 1270-1300 992,000 1240-1270 998,200 1210-1240 521,950 1180-1210 213,050 1150-1180 246,800 1120-1150 294,600 1090-1120 393,900 1060-1090 317,600

WW EE

100 m100 m

4,000-6,0006,000-7,0007,000-8,000

>10,000

Key (Oz. Au)

3,000-4,0001,000-3,000<1,000

8,000-10,000Total Ounces per level(Valley of Kings Zone)*Nov. 2012 Indicated Mineral Resource;≥5.0 g/t AuEq.

Page 10: Pretivm march 2013 web

CONTINUITY: HIGH GRADE BLOCKS

10Indicated and Inferred blocks greater than 5 g/t AuEq

Valley of the Kings block model – 426550E section view West (+/- 50m)

Page 11: Pretivm march 2013 web

CONTINUITY: HIGH GRADE BLOCKS

11Indicated and Inferred blocks greater than 5 g/t AuEq

Valley of the Kings block model – 426600E section view West (+/- 50m)

Page 12: Pretivm march 2013 web

1212

100 m

CONTINUITY: HIGH GRADE BLOCKS

Valley of the Kings block model plan view - 1300m level (+/- 25m)

Page 13: Pretivm march 2013 web

1313

100 m

CONTINUITY: HIGH GRADE BLOCKS

Valley of the Kings block model plan view - 1250m level (+/- 25m)

Page 14: Pretivm march 2013 web

14

MAIN MINERALIZED DOMAINS

West Zone UndergroundDevelopment

Valley of the Kings Bulk

Sample

S N

Domain 17

Domain 11

200 m

Page 15: Pretivm march 2013 web

15

BULK SAMPLE LOCATION

0.5-5.0 g/t AuEq

5.0-15.0 g/t AuEq

>15.0 g/t AuEq

Key

S N

West Zone UndergroundDevelopment

Valley of the Kings Bulk

Sample

200 m 10,000-tonne bulk sample from Valley of the Kings planned (Q2/Q3)

5 X 5 meter slashing of existing West Zone workings completed

Turned towards Valley of the Kings, with over 250 meters now completed

546 meters

Page 16: Pretivm march 2013 web

HIGH-GRADE CORRIDORS

16

Valley of the Kings Drill Hole Trace Bar Graphs – 426630E Section View

Mineralization Corridor

Bulk sample

Page 17: Pretivm march 2013 web

BULK SAMPLE LOCATION

17

Vertical viewing window ±8.5 m

1345 m Level

17

Key (Domain)

11

Page 18: Pretivm march 2013 web

BULK SAMPLE LOCATION

18

5-10

10-20

20-60

>60

Key (g/t AuEq)

2.5-5

1-2.5

0.3-1

1345 m Level

Vertical viewing window ±8.5 m

Siltstone, litharenite, pebble conglomerateSiltstone, litharenite, pebble conglomerate

Polylithic ConglomeratePolylithic Conglomerate

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

Intensely Silicified

Conglomerate

Intensely Silicified

ConglomerateHbl-phyricLatite FlowHbl-phyricLatite Flow

Page 19: Pretivm march 2013 web

BULK SAMPLE LOCATION

19

5-10

10-20

20-60

>60

Key (g/t AuEq)

Only Indicated blocks greater than 5 g/t AuEq shown

1345 m Level

Vertical viewing window ±8.5 m

Siltstone, litharenite, pebble conglomerateSiltstone, litharenite, pebble conglomerate

Polylithic ConglomeratePolylithic Conglomerate

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

Intensely Silicified

Conglomerate

Intensely Silicified

Conglomerate

Hbl-phyricLatite FlowHbl-phyricLatite Flow

Page 20: Pretivm march 2013 web

TYPICAL SAMPLE TOWER FLOWSHEET

20

Page 21: Pretivm march 2013 web

UNDERGROUND DRILLING

21

PHASE IV

N

SN

Typical Section – Fan Drilling

Page 22: Pretivm march 2013 web

VISIBLE GOLD/STOCKWORK

22

Page 23: Pretivm march 2013 web

2323

Corridors of high-grade visible gold seams within lower grade (5g/t to 20g/t) gold quartz stockwork

Steeply dipping ore body

Competent ground conditions

Stope widths (15m wide X 30m high) appropriate both for transverse and longitudinal layouts

Cost effective

First 50 meters of Valley of the Kings ramp

Long hole stoping mining method:

MINING METHOD FOR STOCKWORK

Page 24: Pretivm march 2013 web

PROPOSED MINE DEVELOPMENT

24

Oblique View of Mining Stopes, Valley of the Kings

S

N

100 m

Page 25: Pretivm march 2013 web

MINE AND MILL SITE LAYOUT

25

Crushing

Grinding

Gravity Concentrate Circuit

Doré (50%-60%)

Flotation Concentrate Circuit

Off-take (40%-50%)

Flowsheet Summary:

Page 26: Pretivm march 2013 web

BRUCEJACK PROJECT ECONOMICS

26

(1) Source: Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project, effective date February 20, 2012

(2) Base case metals prices of US$1,100 /oz gold and US$21/oz silver

PEA is based on Mineral Resource estimates for the Valley of the Kings and West Zone effective November 28, 2011 which are now out-of-date.

February 2012 Preliminary Economic Assessment Results(1,2) :Processing rate 1,500 tpd

Mine life 24 years

Total gold production 6.9 million oz

Average annual gold production (Yrs 1-12)

325,000 ounces

Capex US$436.3 million

Total operating costs C$170.90/t milled

Internal Rate of Return

29.8%

Net Present Value (5% discount)

US$2.262 billion

Processing rate increased 2,700 tonnes per day

Mill facilities streamlined Flotation concentrate to be sold to

3rd parties rather than refined on site

Capex and Opex savings, reduced project footprint

Metallurgy continues to be positive Feasibility metallurgical studies

confirm gold recoveries over 95%

Feasibility Study (expected Q2):

Page 27: Pretivm march 2013 web

2013 BRUCEJACK PROJECT PLANS

27

H1 2013

Access ramp to Valley of the Kings is underway, with over 250 meters completed out of 546 meters in total

Channel sample the ramp to Valley of the Kings

Underground sampling/drilling Valley of the Kings

10,000-tonne underground bulk sample from Valley of the Kings

Feasibility study completed

H2 2013 (post bulk sample)

Process bulk sample

Potential Valley of the Kings expansion drilling

Page 28: Pretivm march 2013 web

COMMUNITY ENGAGEMENT

28

Pretivm’s management team has been cooperatively engaging with First Nations and local community leaders in the Stewart, BC region for over 10 years

We work to ensure that our communication about the progress of the Brucejack Project is open and continuous

Commercial relationships with local First Nations developed during the exploration phase at Brucejack have been mutually successful

We will continue to extend both commercial contract and employment opportunities to locals whenever possible

Stewart warehouse constructed by development corporation of Skii km Lax Ha First Nation

Page 29: Pretivm march 2013 web

BRUCEJACK PERMITTING

29

1986

1989

1993

1998

1999

2006

2011-2012

2013

Reclamation Permit(MX-1-86)

Mine Development Certificate issued

April 15, 1993(MDC 92-06)

Project Assessment Certificate

(PAC 98-03)

Permitted for exploration and exploration road

(Pretivm) (MX-1-832), (MX-1-842)

Project Assessment Certificate allowed to

expire (Silver Standard)(PAC M98-03)

Approval in principle for

development of a mine at West Zone

Reclamation Completion(Silver Standard)

(MEND 9.1c)

Project Description under review for underground

mine at Brucejack’s Valley of the Kings

Brucejack Lake is not fish habitat Waste rock from 1980’s/1990’s

underground development was deposited in Brucejack Lake as part of 1999 reclamation

More than 50% of tailings (targeting 60%) to be used for paste backfill and deposited underground, with remainder of tailings to be deposited in bottom 30 meters of Brucejack Lake

Page 30: Pretivm march 2013 web

PRETIVM MANAGEMENT

30

Robert Quartermain, B.Sc., M.Sc., P.Geo, D.Sc. President & Chief Executive Officer, Director

Peter de Visser, CAChief Financial Officer

Joseph Ovsenek, B.A. Sc., P.Eng., LLBVice President & Chief Development Officer, Director

Ken McNaughton, M.A. Sc., P.Eng.Vice President & Chief Exploration Officer

Ian I Chang, M.A. Sc., P.Eng.Vice President, Project Development

Michelle Romero, B.A., M.L.S.Director, Corporate Relations

Kevin Torpy, B.Sc.Director, Mine Engineering

Warwick Board, Ph.D., P.Geo. Chief Geologist

Max Holtby, B.Sc., P. Geo.Director, Permitting

Andrew Saltis, I.Eng.Site Project Manager, Mine Manager

Page 31: Pretivm march 2013 web

SHAREHOLDING & ANALYST COVERAGE

31

Institutions, 50%

Retail, 23%

Management, 5%

Silver Standard,

20%

Capital Structure(1)

Public Float 77.5Silver Standard Shares 19.0 Total Issued & Outstanding Shares 96.5 Incentive Options 8.5Total Fully Diluted Shares 105.0

Market Capitalization C$788 million

Working Capital (at Dec. 31, 2012) C$30.1 millionShare Offering gross proceeds (at February 15, 2013)(3) C$21.0 million

Top Shareholders(2) (shares in millions)

Silver Standard Resources 18.986Royce & Associates 10.689Passport Capital 5.386 Fidelity Management 3.720Connor, Clark & Lunn 2.602Robert Quartermain 2.853 TD Asset Management 2.153Carmignac Gestion 1.898Sprott Asset Management 1.718

Analyst CoverageBMO John HayesCIBC Jeff KilleenCitibank Alex HackingCormark Securities Richard GrayDahlman Rose Adam GrafGlobal Hunter Securities Jeff WrightGMP Securities TBDRBC Dan RollinsSalman Partners Ash GuglaniScotiabank Ovais HabibUBS TBDVery Independent Research John Tumazos(1)As of March 15, 2013; ownership calculated on an undiluted basis.

(2)As of March 15, 2013. Source: IPREO, SEDI(3)See news release dated February 15, 2013

(shares in millions)

Page 32: Pretivm march 2013 web

HIGH-GRADE GOLD PRODUCTION

32

MeadowBank (Agnico Eagle)

Laronde (Agnico Eagle)

Hycroft (Allied Nevada Gold)

Kemess (Aurico)Casa Berardi Mine (Aurizon Mines)

Ruby Hill (Barrick)

Round Mountain (Barrick / Kinross)

Turqouise Ridge (Barrick / Newmont)

Red Lake (Goldcorp)

Musselwhite (Goldcorp)

Marigold Mine (GoldCorp/Barrick)

Fort Knox (Kinross)

Kirkland Lake (Kirkland Lake Gold)

Mesquite (NewGold)

Carlin (Newmont)

Canadian Malartic (Osisko) Valley of the Kings (Pretium )

Detour Lake Mine (Detour Gold)

0

100

200

300

400

500

600

700

0 2 4 6 8 10 12 14 16 18

Ann

ual G

old

Prod

uctio

n (K

oz/y

ear)

Grade (g/t)

Average gold production vs. grade for various North American producing mines with >2Moz Au

Data sources: Companies, NRH.

Production target:400k-500k oz/year@ 14g/t -16g/t head grade

Page 33: Pretivm march 2013 web

CONTACTPhone: 604-558-1784Fax: 604-558-4784Toll-free: [email protected]

HEAD OFFICEPretium Resources Inc.570 Granville St.Suite 1600Vancouver, BCCanada V6C 3P1

COMMON SHARESTSX/NYSE:PVGIssued: 96.5 millionFully diluted: 105.0 million52-week hi/low: $17.41/$7.11Market cap: $788 million

Advancing a major high-grade gold resource in Canada